Lido Advisors LLC Purchases 19,520 Shares of Cheniere Energy, Inc. $LNG

Lido Advisors LLC grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 29.1% during the first quarter, Holdings Channel reports. The institutional investor owned 86,617 shares of the energy company’s stock after acquiring an additional 19,520 shares during the quarter. Lido Advisors LLC’s holdings in Cheniere Energy were worth $24,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNG. Financial Life Planners bought a new position in shares of Cheniere Energy during the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cheniere Energy during the third quarter valued at approximately $27,000. Strive Financial Group LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at approximately $26,000. Finally, Valued Wealth Advisors LLC grew its holdings in Cheniere Energy by 100.0% in the first quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company’s stock worth $40,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent analyst reports. Sanford C. Bernstein began coverage on Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target on the stock. Royal Bank Of Canada boosted their target price on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. UBS Group set a $290.00 target price on Cheniere Energy in a research report on Wednesday, May 13th. Weiss Ratings lowered Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $298.47.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $267.51 on Thursday. The company has a market cap of $56.06 billion, a PE ratio of 44.00 and a beta of -0.01. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company’s 50 day moving average is $243.34 and its 200 day moving average is $241.35. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.